Sale of old furniture recordrd as sales a/c. recify it

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Sale of old furniture recordrd as sales a/c. recify it..

Answer / raju kumar

cash or bank a/c dr.

To sale a/c
if you are saller of furniture in that case you can do
entry as above. oterwise if that furniture was as a fixed
assets your rectify entry will be as under

sale a/c dr.
to furniture a/c
because time your furniture is as a fixed assets and this
case you can not treat as a normal sale.

Is This Answer Correct ?    5 Yes 0 No

Sale of old furniture recordrd as sales a/c. recify it..

Answer / gurumurthi javaji

cash a/c ...........Dr
To Old furniture a/c


why because according to Real a/c principle:
Debit what comes in , credit what goes out.

Is This Answer Correct ?    3 Yes 1 No

Sale of old furniture recordrd as sales a/c. recify it..

Answer / vikram

Sales a/c
to old furniture

Is This Answer Correct ?    2 Yes 1 No

Sale of old furniture recordrd as sales a/c. recify it..

Answer / s.v.ramana

Sales a/c Dr

To Furniture a/c

Is This Answer Correct ?    2 Yes 2 No

Sale of old furniture recordrd as sales a/c. recify it..

Answer / vikram

Sales a/c
to old furniture

Is This Answer Correct ?    1 Yes 3 No

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